Premium Bond prizes (Rant) (again): payment via BACS?????
"Derek F" wrote in message
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"Tiddy Ogg" wrote in message
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On Fri, 12 Jun 2009 11:00:50 +0100, Allan
wrote:
Well, why not listen to this. Stop wasting paper and postage, make the
prize payments more secure, and start paying prizes via BACS.
It might surprise you, but there are still people who do not, or will
not, have a bank account. And they'll use the recent shenanigans as
evidence that their decision is a wise one.
How do they cash their Premium Bond Cheques?
They're not cheques, they are warrants (whatever that actually means). As
the other poster says, the Post Office will pay out cash on them. The last
time I tried, they do this in return for an unchecked signature so possibly
they are "pay to bearer" instruments.
tim
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